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  • Search: subject:"vertical contract- ing"
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Subject
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equilibrium selection 1 imperfect information 1 multiple equilibria 1 passive beliefs 1 symmetric beliefs 1 vertical contract- ing 1
Online availability
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Free 1
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Book / Working Paper 1
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Undetermined 1
Author
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Eguia, Jon X. 1 Llorente-Saguer, Aniol 1 Morton, Rebecca 1 Nicolò, Antonio 1
Institution
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Max-Planck-Institut zur Erforschung von Gemeinschaftsgütern, Max-Planck-Gesellschaft 1
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Working Paper Series of the Max Planck Institute for Research on Collective Goods 1
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RePEc 1
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Equilibrium Selection in Sequential Games with Imperfect Information
Eguia, Jon X.; Llorente-Saguer, Aniol; Morton, Rebecca; … - Max-Planck-Institut zur Erforschung von … - 2014
Games with imperfect information often feature multiple equilibria, which depend on beliefs off the equilibrium path. Standard selection criteria such as passive beliefs, symmetric beliefs or wary beliefs rest on ad hoc restrictions on beliefs. We propose a new selection criterion that imposes...
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